Why Should We Have To Work Longer To Receive Our Pensions

Its also unfair that you are taxed on your pension. You paid the tax on your wages so its being taxed rwice

As someone who was caught in this net I have some thoughts. The first being that at the time the 65 year retirement age was established, that was greater than life expectancy. So not many of us expected to collect it.. Things are different now. And the number of younger tax payers is dwindling. While the number of pension beneficiaries is rising. So something has to give..If not, you end up like America, where more $ get printed to cover things and the $ has less value, year on year. In addition, personal retirement savings are far more common in employment than they used to be. So people can usually afford to support themselves in retirment to some extent. In my case, I have provided for myself well, but still qualify for pensioner support with many items like vehicle registration, health benefits and subsidies on government charges, which suits me..However, I did have to wait until almost 67 for these to kick in.😷

Yes, 100% agree.
And, if I am not mistaken, they get lifetime health insurance? Voted in many years ago I understand. But they do have the option to reverse that at any time and save us taxpayers $$.

Mines raised to 68 when I logged onto my pension account lol but you can opt out earlier if it's private and in exceptional circumstances i e. Ill health

I'm not going to live long enough to retire. I won't live to be 65, never mind 68.

Today, I learned that I can't even tip the dregs of my tea out of my cup and down the sink without putting myself in agony to the point I almost ended up on my knees on the kitchen floor.

It's scandalous.

Business people whinge about the taxes and benefits they have to contribute to their workforce and then the government gives them endless cop-outs that not only shrinks those benefits, they also get out of paying a decent wage so they're employees can't even pay in from their own salaries to make up the difference.

Yup.

It's simple economics.. The boomer generation in the UK did not have enough children to pay the taxes needed to support the boomers as they flooded into retirement.. This deficit in children has only become worse since full blown feminism has made it's mark upon the minds of western woman.. The Feminist culture is a barren culture, all over the world where feminism has sway in the minds of woman the same population crash is happening.. The elites have mass migration policies to try to alleviate the coming economic disaster but that only works for a while..

Well, with more people living longer than ever, we have to do something to make the pension system sustainable. Otherwise a shrinking working age population will end up working itself to death supporting a swollen population of asset rich pensioners.

Because pensions weren't made for the volume of our current aging population. People are living a very long time now.
I think they're sort of a scam at this point anyway.

in the USA people born after 1960, will have to work till 67 to get full social security starting sept. 30 2025, tommorrow

Ask a Swede

Work will set you Free!

Because the super-rich don't pay into the funds at a rate that would keep them liquid?

The mainstream and the ownership in all Western countries have reached the limits of thatcherism, or trickle down economic theory with austerity for the population.
The only exit is war!

But they give millions in rich benefits and living expenses to the hostile invaders/immigrants